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US NAICS 48121 | Industry Report

Charter Flights in the US Industry Data and Analysis

SM
Samuel Moshiashvili
Analyst New York, United States December 2025

Over the past five years, the charter flight industry has shifted from pandemic-driven whiplash to more measured, but harder-won, growth. Remote work initially reduced corporate travel. However, safety concerns, schedule reliability issues and a desire for comfort drove affluent households and executives into private cabins. Operators responded by expanding their fleets and premium offerings, indirectly benefiting from the Infrastructure Investment and Jobs Act's spending on airport infrastructure upgrades. At the same time, rising interest rates, higher fuel costs (including those influenced by tariffs on imported aviation fuel and parts) and softer corporate travel budgets have cooled the earlier surge. Because of this, industry revenue is expected to climb at a 5‑year CAGR of 8.0%, reaching $40.3 billion in 2025 on modest current‑year growth of 1.0%.

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What's included in this industry analysis

IBISWorld's research coverage on the Charter Flights industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released December 2025.

About this industry

What's this industry report about?

The Charter Flights industry in the United States operates under the NAICS industry code 48121. Companies in this industry provide air transport services on an irregular or nonscheduled basis for passengers and cargo, also referred to as a charter arrangement. Industry operators enable people to fly where they want, in terms of destination and airport and when they want, as opposed to commercial airlines that operate on a fixed schedule of destinations and times. This industry also includes scenic tours and sightseeing services. Related terms covered in the Charter Flights industry in the United States include wet lease, acmi, air charter, revenue ton-miles, jet card and block hour.

What's included in this industry?

Products and services covered in Charter Flights industry in the United States include Passenger charter services, Cargo transportation and Other services.

What companies are included in this industry?

Companies covered in the Charter Flights industry in the United States include NetJets IP LLC, Republic Airways Holdings Inc. and Atlas Air Worldwide Holdings, Inc.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Charter Flights industry in the United States.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Charter Flights industry in the United States.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Charter Flights industry in the United States.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Charter Flights industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Charter Flights industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Charter Flights industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Charter Flights industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Charter Flights industry in the United States.

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Frequently Asked Questions

What is the market size of the Charter Flights industry in the United States in 2026?

The market size of the Charter Flights industry in the United States is $40.3bn in 2026.

How many businesses are there in the Charter Flights industry in the United States in 2025?

There are 19,396 businesses in the Charter Flights industry in the United States, which has grown at a CAGR of 7.2 % between 2020 and 2025.

How may import tariffs affect the Charter Flights industry in the United States?

The Charter Flights industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Charter Flights industry in the United States?

The Charter Flights industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Charter Flights industry in the United States grown or declined over the past 5 years?

The market size of the Charter Flights industry in the United States has been growing at a CAGR of 8.0 % between 2020 and 2025.

What is the forecast growth of the Charter Flights industry in the United States over the next 5 years?

Over the next five years, the Charter Flights industry in the United States is expected to grow.

What are the biggest companies in the Charter Flights industry in the United States?

The biggest companies operating in the Charter Flights industry in the United States are NetJets IP LLC, Republic Airways Holdings Inc. and Atlas Air Worldwide Holdings, Inc.

What does the Charter Flights industry in the United States include?

Nonscheduled passenger and cargo air transportation and Charter air passenger and cargo services are part of the Charter Flights industry in the United States.

Which companies have the highest market share in the Charter Flights industry in the United States?

The company holding the most market share in the Charter Flights industry in the United States is NetJets IP LLC.

How competitive is the Charter Flights industry in the United States?

The level of competition is high and steady in the Charter Flights industry in the United States.

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